Unions find private equity support on taxation charge

By

Oliver Smiddy

March 16, 2007 4:00 p.m. GMT

Buyout professionals today tacitly welcomed comments from Brendan Barber, general secretary of the Trades Union Congress, who said that private equity must contribute more to society, and pay more tax.

Several figures in the industry have admitted criticism of the amount taxation paid by firms is justified. The support comes as trade unionists from around the world gather today in Paris to discuss the private equity and hedge fund...